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NITI Aayog, QCI Launch NPMPF Initiative to transform infrastructure sector in India

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NITI Aayog, Quality Council of India on 28th October 2020 launched the National Program and Project Management Policy Framework initiative to transform infrastructure sector in India. At this event Union Minister for Road Transport and Highways and Micro, Small and Medium Enterprises Nitin Gadkari along with Union Minister Piyush Goyal, NITI Aayog CEO Amitabh Kant, and QCI Chairman Adil Zainulbhai. released the InBok a book on the practice of program and project management in India.

Also, for this event attended by Dignitaries from across the government, infrastructure sector, global project management companies, large contracting firms such as L&T India, PSUs, global and Indian development banks, etc.

Honorable Union Minister Nitin Gadkari said, ‘NPMPF will help in realizing the Prime Minister’s vision of an Aatma Nirbhar Bharat by building a stronger India, in which we would need good quality infrastructure; we would need to reduce costs and waste material, without compromising on the environment and ecology. We also need to ensure time-bound and result-oriented delivery of projects.

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Recognizing the significance of program and project management tools and techniques for mega projects like Bharatmala and Sagarmala, which are already in use, he added, ‘The use and adoption of such techniques and practices to incorporate innovative financing with hybrid annuity models are already underway.’

Also, Union Minister for Railways, Commerce and Industry, and Consumer Affairs Piyush Goyal touched upon the importance of infrastructure building for national development and improving the quality of life. ‘With Indian Railways adopting landmark reforms, and mega projects in the pipeline and investment worth Rs 50 lakh crore and more by 2030, this initiative is most opportune to bring about more transparency in procurement, enabling public-private partnerships through appropriate risk-sharing and establishing robust project governance.’ He also underscored that capable and certified professionals with an in-depth understanding of InBok would enable a transformation of the infrastructure landscape of India. ‘Monitoring and accountability will determine the fate and success of the project,’ he added.

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